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Ministry of Finance, Statistical Service



08/08/2006
LATEST FIGURES: QUARTERLY ACCOUNTS OF GENERAL GOVERNMENT, 2nd QUARTER 2006
08/08/2006


On the basis of the preliminary data on the General Government accounts for the period April-June 2006, compiled in accordance to E.U concepts and definitions, the total revenue amounted to £802mn (17,2% increase in relation to the second quarter of 2005) while total expenditure reached £847,3mn (12,5% increase) i.e. there was a deficit of £45,3mn compared to a deficit of £77,8mn during the second quarter of 2005.

For the period January-June 2006 total revenue amounted to £1557,2mn and total expenditure amounted to £1618,1mn resulting to a deficit of £60,9mn (0,7% of GDP), compared to a surplus of £36mn (0,5% of GDP) during the corresponding period (Jan-June) of 2005.

The main categories of revenue for the period January-June 2006 were: taxes on production and imports £713,4mn (13,2% increase), of which VAT was £423,1mn (increase 14,5%), taxes on income and wealth £348,7mn (13% increase), social contributions £297,5mn (5% increase).
The main categories of expenditure for the period January-June 2006 were: compensation of employees £573,1mn (7,1% increase), and social transfers £455,5mn (8% increase).













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